SMASH THE CAP!!!

Everyday Americans who earn less than $175,000 a year are burdened with the obligation of paying FICA taxes on 100% of our earnings. However, individuals whose yearly income surpasses this benchmark – including millionaires and billionaires – are not held to the same standard. Basically everything a millionaire and billionaires make over $175,000 they would have to pay FICA taxes on because as of now they dont have to.wealthier individuals pay FICA taxes on only a portion of their incomes due to the exorbitant $175,000 FICA tax cap. Achieving financial fairness and stability for the country, especially with regards to securing the future of social security, is a concern that resonates deeply for me.

Therefore, I propose the immediate elimination of the FICA tax cap throughout the United States, ensuring that everyone, regardless of their level of wealth, is required to pay the FICA tax on all their earnings. End income tax to boost broken economy. I also advocate for a modest 1% increase to the existing FICA tax rate that can be reasonable in the absence of Income tax. This advocated change is expected to generate a substantial increase in revenue which could significantly bolster the stability of the social security system for present and future recipients.

The current tax system places an undue burden on those who earn less while offering a significant advantage to wealthier individuals. This disparity hampers the sustainability and integrity of our social security system, that so many hardworking Americans rely on for their retirement years.

Join me in advocating for a fairer, more equitable taxation system that holds all income earners accountable and secures a more stable socio-economic future. Sign the petition.